Cable cord-cutting and a decline in revenue led to a significant workforce reduction at the Warner Bros. Discovery unit while ...
CNN will cut 6% of its current workforce as part of CEO Mark Thompson’s continuing efforts to build up the Warner Bros.
Legacy cable networks, a profitable business for decades, have been hit by intense cord cutting by consumers who favor streaming services. Warner Bros Discovery is undergoing significant restructuring ...
Mark Thompson has promised to reinvent CNN since he arrived in 2023. Now, he is remaking the network’s TV lineup and its work ...
CNN is reportedly planning to eliminate hundreds of jobs as the network’s CEO warned of significant and irreversible shifts ...
STORY: CNN will layoff about 6% of its workforce as the cable news network shifts its strategy toward streaming services.That's according to an internal memo from CEO Mark Thompson seen by Reuters on ...
CNN CEO Mark Thompson on Thursday announced sweeping cuts impacting around 6% of the company's workforce. The news came alongside several new developments, including a cross-device streaming strategy, ...
The job cuts come as CNN looks to rearrange its linear TV lineup and building out digital subscription products.
CNN CEO Mark Thompson said its parent company Warner Bros. Discovery is going to invest $70 million to support the company's digital transformation.
The cuts will likely hit production teams based in New York and Washington, but not the network's star anchors.
CNN announced a restructuring Thursday that includes some 200 layoffs, an accelerated pivot to digital operations and new TV ...
DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 ...